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Ex-CEO tells Olympus board to step down

2012-05-11 11 Dailymotion

The former chief executive of Olympus has told fellow board members to step down because of a huge accounting cover-up but said the Japanese firm "could survive" the scandal.

Michael Woodford made the comments on Friday following a board meeting at the company's Tokyo headquarters, six weeks after being dumped as the first ever non-Japanese president and chief executive in the camera-maker's 90-year history.

Al Jazeera's Steve Chao reports from Tokyo.